Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
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Demo Trading
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Launch
CandyDrop
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Alpha Points
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Earn futures points and claim airdrop rewards
Bitcoin
Direction: Short
Entry: Around 69,200-69,500
Take profit: Level 1: Around 68,000 (conservative) Level 2: 67,000
Stop loss: Slightly above the 70,000 level by a little. If it's a 2x long-term position, then no need to stop out.
Once it recovers, it will naturally come down again.
Personal opinion: Don't place orders at integer levels, as they are hard to fill. Place them slightly below resistance zones for easier execution. Currently, due to many fake breakouts and fake breakdowns, to prevent this, we set stop losses a bit higher, lower the risk-reward ratio, and significantly increase the win rate for better trading.